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How’s the inflation monster doing these days? Here’s the latest from the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment.

The gasoline index rose sharply in June and accounted for about two thirds of the seasonally adjusted all items change….The index for all items less food and energy increased 0.2 percent in June, the same increase as in May….The index for all items less food and energy has risen 1.6 percent over the last year, the smallest 12-month change since June 2011.

Rising oil prices are showing up in higher gasoline prices, and that’s about it. Everything else is well under control and core inflation is at its lowest rate in two years. So maybe we should do something about unemployment instead, instead of worrying that it’s always 1979 all over again?

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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